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Post Number: 1
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Common Citizen
Group: Members
Posts: 4818
Joined: Jul. 2006
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Posted on: Jul. 09 2009,2:37 pm |
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QUOTE By John Sullivan | Published July 9, 2009 From the Boomer Market Advisor Watch Newsletter: Boomer Insurance Watch — July 9, 2009 Thank boomers for periods of low market volatility? Actually, yes. As Newsweek notes, there was a glorious time between the mid-1980s and 2007 when inflation was low, economies boomed, and recessions were short and infrequent. Economists have wracked their brains trying to explain this period of time. Some attribute it to the rise of China and India, which fed the world with low-cost goods. Others say it was Alan Greenspan's skilled manipulation of interest rates. Others think it was just blind luck. Now, two economists at the Minneapolis Federal Reserve say we have baby boomers to thank. According to the economists:
“We find that demographic change accounts for roughly one fifth to one third of the moderation experienced in the U.S. Clearly, demographic change is not the sole factor responsible for this episode; nevertheless, demographic change constitutes a common factor relevant for understanding the evolution of business cycle volatility — not only in the U.S., but also in other G7 countries — over the past four decades.”
In other words, as the article explains, age profiles had a lot to do with this long period of low volatility. The authors point out that young people are extremely susceptible to business cycle fluctuations. When the economy turns south, they lose their jobs faster than everyone else, since they're seen as inexperienced and often transitory labor. Middle-aged careerists are less expendable, both because of their social situation (families to take care of, mortgages to pay) and their on-the-job experience, which is more highly valued in a soft economy.
Interesting...not one mention of Obama or Bush in this article.
Although if you look at that glorious time between mid 1980 - 2007...who controlled the White House the majority of time? hehe
....taking cover now...
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Post Number: 2
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Paul Harvey
Group: Members
Posts: 2778
Joined: Aug. 2004
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Posted on: Jul. 09 2009,3:38 pm |
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Why are you politicizing a perfectly good article?
It's making you miss the most important point and I agree with their findings. This behemoth called the boomer generation is the single most important issue coming up because it'll eat up a bigger portion of government then ever before. Then monster is freaking huge and it's going to dominate everything especially taxes and money.
-------------- ~I love trolling n00bs and pwning assholes~
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Post Number: 3
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Common Citizen
Group: Members
Posts: 4818
Joined: Jul. 2006
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Posted on: Jul. 09 2009,3:46 pm |
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Politicizing it was an attempt to get a rise out of people like you...guess it worked...
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Post Number: 4
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Paul Harvey
Group: Members
Posts: 2778
Joined: Aug. 2004
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Posted on: Jul. 09 2009,4:16 pm |
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I don't need to be manipulated into responding.
If my response brings a warm feeling, perhaps you should think about visiting your favorite porn site before posting. Good day.
-------------- ~I love trolling n00bs and pwning assholes~
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Post Number: 5
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Common Citizen
Group: Members
Posts: 4818
Joined: Jul. 2006
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Posted on: Jul. 09 2009,4:31 pm |
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You're the one with the subscriptions...
If you give me your login information I'd consider it.
Back to the thread...
I agree with the impact that the boomer's have on our culture and economics. It makes our deficit spending even more nightmarish. We really won't have the luxury of a massive population to help pay for it without robbing it's people. But hey, last November, we asked for it right?
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Post Number: 6
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Paul Harvey
Group: Members
Posts: 2778
Joined: Aug. 2004
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Posted on: Jul. 09 2009,5:43 pm |
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I said your favorite porn site, not mine. You don't like my taste in women anyway unless that was all BS. I don't really care for main stream porn stars, the best probably being Cherry Rain who's no longer active. For armature women I like Kristen Cameron and Ashley Edmond's. Brand new armature I like Britney Brookes.
Nuff said...
-------------- ~I love trolling n00bs and pwning assholes~
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Post Number: 7
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Post Number: 8
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nphilbro
Group: Members
Posts: 1586
Joined: Jul. 2005
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Posted on: Jul. 09 2009,7:36 pm |
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My grandfather was in WWII. When I was a kid I thought they were rich. When I was a teenager I thought he was a hardass. When I was a young adult I thought he was cheap (put a thermos of instant coffee back in the fridge so he could nuke it later). As a late 30's adult, I think he's a genius. Sadly, his brain is mush but he thinks the retirement community they live in is a cruise ship.
-------------- Merely to try is to prepare for failure.
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Post Number: 9
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jimhanson
Group: Moderator
Posts: 8491
Joined: Aug. 2003
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Posted on: Jul. 09 2009,7:50 pm |
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A good assessment, Nphilbro. That generation that lived through both the Depression and WW II never forgot where they came from, no matter HOW much money they made. I know several wealthy people from that era that STILL pinch pennies like your Grandfather--not because they HAD to, but because they couldn't force themselves to waste.
It's hard for most of us to look at how they were brought up--compared to today. Many people today would think it was a third-world country--and they wouldn't have been far wrong. Rural America prewar WAS like a third-world country. You may or may not have had electricity, a telephone, or indoor plumbing. If you had a car and lived in the country, you put it up for the winter because roads weren't plowed. Many people still farmed with horses. The vast majority of people never traveled more than 50 miles from the place they were born. If there were too many mouths to feed, kids could just be given away. School was a luxury--to be done AFTER the work was done. "Extra-curricular" was the work you did AFTER school.
The kids that went through the Depression and won WW II--Greatest Generation? Hands down YES.
Would I like to go back to that? No--and most people that went through it wouldn't either.
-------------- "If you want to anger a Conservative, tell him a lie. If you want to anger a LIBERAL, tell him the TRUTH!"
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Post Number: 10
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Glad I Left
Group: Members
Posts: 2302
Joined: Aug. 2005
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Posted on: Jul. 09 2009,8:58 pm |
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I get the luxury of talking to a lots of older vets on the plane. And almost everyone I have talked to that served in WWII hate being labeled the greatest generation. Most of them have the mindset that they didn't do anything great, they just did what was right.
-------------- After we screw up health care reform, let's take on the initiative of unscrewing the education system (gov't education) Tacitus: (c. 56 AD-c. 117) "The more corrupt the state, the more it legislates."
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